Singapore · checked 17 Oct 2026
At a glance
| Account | Holds balances | Monthly fee |
|---|---|---|
| HitPay Collection Account | No, collects into SGD | S$0 |
| Aspire | Yes, 8 currencies | S$0 / S$15 |
| Airwallex | Yes, 20+ currencies | Free / $79 / $399+ |
| Revolut Business | Yes | S$0 to S$417 |
| Wise Business | Yes, holding is free | No monthly fee; 99 SGD one-off setup |
YouBiz doesn’t list a monthly fee on its site. See the full table
QUICK ANSWER
A multi-currency business account lets you hold, receive and send several currencies under one company. In Singapore, Aspire (8 currencies, S$0–15/mo), Airwallex (20+ currencies, Free–$399/mo), Revolut Business (S$0–417/mo) and YouBiz (8 currencies) all hold balances. HitPay doesn’t hold balances. Its Collection Account gives your business its own account details to collect SGD and 11 foreign currencies into your HitPay wallet, converted to SGD at a 1% FX fee, which suits merchants who mainly need to get paid.
Basics
A multi-currency business account lets you hold, receive and send several currencies under one company. The first question is whether you need to hold currencies or just collect them.
You need to hold currencies
You keep USD, EUR or other balances and pay out from them
Aspire (8 currencies), Airwallex (20+), Revolut Business, YouBiz (8) and Wise Business (22 receiving currencies) all hold balances
Aspire, Airwallex, Revolut Business and YouBiz also issue cards; Aspire and Airwallex list yield on balances
You mainly need to get paid
HitPay’s Collection Account gives your business its own account details to collect SGD and 11 foreign currencies
SGD arrives by FAST at S$0.50 per collection; other currencies arrive by SWIFT and convert to SGD at a 1% FX fee
Receipts land in your HitPay Wallet next to PayNow, card, payment link and POS sales. It’s a collection method, not a bank account
Compare
HitPay: /sg/pricing and /sg/multi-currency-virtual-account. Aspire: aspireapp.com/pricing. Airwallex: airwallex.com/en-sg/pricing. Revolut: business account plans. YouBiz: you.co/biz. Wise: wise.com/sg/pricing/business. Last checked 17 Oct 2026.
| HitPay Collection Account | Aspire | Airwallex | Revolut Business | YouBiz | Wise Business | |
|---|---|---|---|---|---|---|
| Monthly | S$0 | S$0 / S$15 | Free / $79 / $399+ | S$0–417 | Not listed on YouBiz's site | No monthly fee; 99 SGD one-off setup |
| Holds balances | No | Yes (8) | Yes (20+) | Yes | Yes (store currencies) | Yes, holding is free |
| Receive foreign currency | 11 currencies, 1% FX to SGD | Send and receive in 30+ | Collect in 20+ | Yes (fee not listed on Revolut's plans page) | 8 currencies, "free" | Account details in 22 currencies; domestic receive free; USD Swift 6.11 USD |
| FX | 1% (Collection Account) / from 0.5% (BillPay) | Send: from 0.46% (Basic) | 0.4% major / 0.6% other | Interbank allowance, then 0.6% | Not listed on YouBiz's site (card FX 0%) | From 0.19% (varies by currency) |
| Overseas transfer fee | US$20–30 per SWIFT/international transfer, plus FX from 0.5%; local PayNow/FAST free | Included / 5 free (Premium) | Local free; SWIFT $20–35 | S$8 outside the allowance (transfer type not listed) | "Low fee", amount not listed | Included in the from-0.19% fee |
| Cards | No | Yes | Yes | Yes | Yes, 1% cashback | Not covered in this comparison |
| Yield on balances | No | Up to 2.96% USD p.a. (Basic) | 3.53% USD (Explore) | Flexible Cash Funds (Grow and above, capital at risk) | Not listed on YouBiz's site | Not listed on Wise's pricing page |
| Accept PayNow, cards, POS | Yes, one dashboard and payout | Not listed on Aspire's pricing page | See HitPay vs Airwallex | Yes (Revolut Terminal S$285) | Not shown on YouBiz's site | Card and payment links (rates not listed) |
FX
HitPay’s Collection Account converts money you receive to SGD at 1%, and BillPay converts when you pay suppliers, from 0.5%. On large conversions, Aspire Premium’s first S$13,000 at 0%, Airwallex’s 0.4%, Revolut’s interbank allowance and Wise’s from-0.19% all cost less than HitPay’s 1% inbound FX.
| Converting money you receive | Paying out in another currency | |
|---|---|---|
| HitPay | 1% FX fee to SGD (Collection Account) | From 0.5% FX fee, plus US$20–30 per SWIFT/international transfer (BillPay) |
| Aspire | Not listed separately on Aspire's pricing page | Basic: send from 0.46%; Premium: 0% on the first S$13,000 a month |
| Airwallex | 0.4% major currencies, 0.6% others | 0.4% / 0.6%; local transfers free; SWIFT $20–35 |
| Revolut Business | Interbank up to S$1,500/mo (Basic) or S$13,000 (Grow), then 0.6%; 1% outside market hours | Same allowance; S$8 fee outside the allowance |
| YouBiz | Not listed on YouBiz's site | "Transparent, low fee", amount not listed |
| Wise Business | From 0.19%, varies by currency; USD Swift receive 6.11 USD | From 0.19%, varies by currency |
Supplier payments
Local and overseas supplier payments, from each provider’s own pages.
| Local supplier payment | Overseas supplier payment | Bill capture | |
|---|---|---|---|
| HitPay BillPay | Free (PayNow or FAST) | From 0.5% FX fee, plus US$20–30 per SWIFT/international transfer, 150+ countries | OCR upload or forward, multi-level approval, Xero sync |
| Aspire | Included | Send: from 0.46% (Basic); 5 free international transfers a month on Premium | Bill Pay free; upload or forward |
| Airwallex | Free local transfers to 120+ countries | 0.4% / 0.6% FX; SWIFT $20–35 | Batched bill payments |
| Revolut Business | 5 no-fee on Basic; S$8 outside the allowance | Interbank allowance, then 0.6% | Pulls bills from accounting software |
| YouBiz | Local FAST transfers free | "Low fee", amount not listed | Not listed on YouBiz's site |
| Wise Business | Same-currency payments between Wise accounts free | From 0.19%; batch payments to up to 1,000 contacts | Not listed on Wise's pricing page |
Fit Assessment
HitPay doesn’t hold balances, issue cards or pay yield. Many SMEs use a treasury account alongside HitPay.
Pick a treasury account if you:
Need to hold foreign-currency balances
Want corporate cards or yield on idle cash
Convert large amounts and want the lowest FX
Pick HitPay if you:
Already take PayNow, cards, POS or payment links
Want receivables, supplier payments and sales in one wallet and one Xero sync
Want account details in your own name to collect 11 foreign currencies, with no monthly fee
Compare one by one: HitPay vs Aspire · HitPay vs Revolut Business · HitPay vs Airwallex · Collection Account · BillPay
frequently asked questions
What is a multi-currency account?
A multi-currency account lets a business hold, receive and send several currencies under one company, so you don't need a separate account for each currency.
What is the best multi-currency business account in Singapore?
It depends on whether you need to hold currencies or just collect them. To hold balances, earn yield or use corporate cards, compare Aspire (8 currencies, S$0–15/mo), Airwallex (20+ currencies, Free–$399/mo), Revolut Business (S$0–417/mo), YouBiz (8 currencies) and Wise Business (22 receiving currencies, 99 SGD one-off setup). If you mainly need to get paid, HitPay's Collection Account collects SGD and 11 foreign currencies into your HitPay wallet with no monthly fee.
Is HitPay's Collection Account a bank account?
No. It's a collection method and not a store of value. Foreign-currency receipts are converted to SGD at a 1% FX fee and land in your HitPay Wallet.
How do I receive USD and EUR in Singapore?
Use an account that gives you USD and EUR receiving details. With HitPay's Collection Account, USD and EUR arrive by SWIFT in 1 to 3 business days and are converted to SGD at a 1% FX fee. To keep them as USD or EUR, use a multi-currency account that holds balances, such as Aspire, Airwallex, Revolut Business or Wise Business.
Can I get an SGD receiving account with FAST?
Yes. HitPay's Collection Account gives Singapore-registered businesses their own account details to receive SGD by FAST, at S$0.50 per collection.
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